Calstrs investment brings hope to US infrastructure investors

Calstrs, the California state pension scheme for teachers, invests $500m in the asset class

By

Shanny Basar in New York

February 8, 2012 7:25 p.m. GMT

Alec Montgomery, head of infrastructure in North America at Industry Funds Management is hopeful that the privatisation of US infrastructure assets will finally take off this year as the Australian fund manager received $500m from Calstrs, the California state pension scheme for teachers.

Yesterday Calstrs , which has $145bn in assets, said in a statement that it had given IFM up to $500m to invest in core infrastructure assets such as regulated utilities, transport and energy in North America and Europe . The pension fund...